S&P affirms Pakistan Mobile Communications

S&P said it affirmed its B- long-term corporate credit rating on Pakistan Mobile Communications Ltd. (Mobilink).

The outlook is positive.

“We affirmed the rating because we expect Mobilink’s improving operating performance and moderating capital spending to partly offset likely higher leverage following its merger with Warid Telecom (Pvt.) Ltd.,” said S&P credit analyst Ashutosh Sharma in a news release.

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